Posts

PIN – There’s a reason PIN is still here…

Last week Apple launched its most expensive iPhone ever, the iPhone X. However, things didn’t go smoothly for the tech giant during its first ever public demonstration. When Apple Executive Craig Federighi attempted to unlock the device using the company’s new Face ID feature, which scans a user’s face to ensure only they can unlock their phones, the attempt failed, promoting Federighi to input a traditional PIN code (and forcing him to switch to a backup phone). Read more

How will PCI Legitimise Card PIN Authentication on Mobile Devices?

The Payment Card Industry Security Standards Council (PCI SSC)’s Chief Technology Officer Troy Leach recently divulged news of a new payment standard; one that enables the secure entry of PIN into merchant’s smart devices. The organisation aims to publish the final version by the end of the year.

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RBTE Preview: Mobile has more to give

The retail industry is about to experience another leap forward in terms of payments mobility and in-store experience. PIN on Mobile (PoM) has recently entered the UK and, unlike previous mPOS solutions, it enables cardholders to enter their PIN directly into the merchant’s tablet or smartphone, rather than an external device or dongle. This development enhances many of the common benefits of mPOS, including in-store productivity, improved customer experience and reduced costs.

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Discussing consumer trust at MWC 2017

This week we are in Barcelona to attend the prestigious Mobile World Congress (MWC) 2017. Invited by the Mobile Ecosystem Forum (MEF), MYPINPAD participated on a panel discussion on data privacy and trust in the data-driven economy.

MYPINPAD’s Business Development Director, David Poole, analysed the important role of trust in digital payments and eCommerce transactions and shared exclusive preliminary findings from our latest research.

There are many factors that separate a successful retailer, bank, travel or gaming company from an unsuccessful one. Brand popularity, customer experience, appealing promotional offers, excellent customer service and quality products are all very much coveted; but consumer trust is an invaluable foundation upon which all the others can thrive.

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Bringing trust into Indian mobile payments

A report out this week has predicted that India will see a tenfold increase in digital payments between now and the end of the decade. That will see a rise to $500bn annually and see the GPD of India rise by 15%. However, unless more trust is built between consumers and banks, this prediction might not come to pass.

Payment industry commentators have often pointed to economies such as India and China as places of great innovation and progress. Just as nature abhors a vacuum, so does economics. Where there is a gap in the market, it will be filled. And this is what has happened in countries such as India where mobile technology has offered financial services to those who previously lacked them.

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Mobile World Congress 2016: Going Beyond The Mobile

The largest mobile trade show of the year, the Mobile World Congress, is well underway in Barcelona with tens of thousands of visitors from 200 countries enjoying the wares and inventions on display.

As always the environment is alive with innovation. Technology giants like Samsung and Facebook are setting the scene with trends that will likely dominate the market in 2016. There are many eye-catching products on show with both new and established players striving to showcase their creations. This cradle of mobile technology now nurtures development way beyond the mobile itself, a clear indication of the far reach mobile now has into daily life.

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Making the holiday shopping season safe, secure and profitable

Balancing Security And Festive Cheer During The Holidays

Black Friday and Cyber Monday were once strictly American phenomena but are now being adopted by retail worldwide. They mark the beginning of a retail bonanza that often lasts well into February.

Shoppers rush to buy goods at discount prices on Black Friday and Cyber Monday and then continue shopping throughout December until Christmas, before the next spending frenzy of the January sales begins in earnest.

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Survey reveals consumers trust the familiarity of PIN for online authentication

MYPINPAD today announces the initial findings from its exclusive Mobile PIN authentication survey. The unique online consumer study sought to understand consumer attitudes to combining cardholder PIN with mobile authentication for online payment.

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Chip & Choice: The US EMV Story So Far

The EMV liability shift has been in effect in the United States for just over a month since its deadline of 1st October. This shift saw the country make a more concerted move towards the same in-store payment authentication method we are familiar with in Europe, and most of the world.

One trend is already clear, every player – except those with a vested interest – was wishing for something else, as is evidenced by its far from impressive adoption.

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